8, 12 S Hill S., Fayetteville, AR 72701
- $2,600,000
- 11,274
- SqFt
- List Price
- $2,600,000
- Status
- ACTIVE
- Days on Market
- 78
- Price Change
- ▼ $200,000 1781132762
- MLS#
- ARKMLS-1347279
- Subtype
- Residential
- Year Built
- 1967
- Living Area
- 11,274
- Acres
- 0.67
- Subdivision
- Putman
Property Description
Flats on Hill is a 14-unit apartment complex master leased by the University of Arkansas, guaranteeing 100% occupied income for the next three years. Located on the southern edge of U of A campus, the Flats are surrounded by the newest and nicest student housing developments and is just blocks away from Dickson Street, the Downtown Square, and the Frisco Trail. Zoned Downtown General (DG), there are endless redevelopment opportunities for the property, as well as significant upside in renovating the existing units. The Flats presents buyers with a unique opportunity to realize guaranteed cashflow for three years before redeveloping or renovating the property upon expiration of the master lease. Listed in conjunction with 1212 S Dunn MLS# 1347224.
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Additional Information
- Exterior Features
- Concrete Driveway
- Taxes
- $11,403
- Flooring
- Carpet, Luxury Vinyl Plank
- Appliances
- Electric Oven, Electric Range, Electric Water Heater, Disposal, Refrigerator
- Heating
- Central
- Air Conditioning
- Central Air, Electric
- Stories
- 2
- Levels
- Two
- Roof
- Metal
- Foundation
- Slab
- Parking Features
- Parking Lot
- School District
- Fayetteville
Mortgage Calculator
Listing courtesy of GREA-Global Realtor Estate Advisors Branch. corey.allen@colliers.com